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$399,950

2407 Alcove Avenue, Lubbock, TX, 79407

On MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,205 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$181.38 / sqft
Year BuiltBuilt in 1992

Property Lead Type:

BankruptcyPre-ForeclosureMust-SellAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Exhaust Fan, Free-Standing Range, Stainless Steel Appliance(s)
FlooringLuxury Vinyl

Exterior

Exterior FeaturesPrivate Yard
Lot Size1 acre

Building Information

Year Built1992
Roof Type114
Garage Spaces3

Land Information

APNR26349
Lot Number2750
Land UseResidential
Legal DescriptionBLK AK SEC 42 AB 1263 TR A9A AC: 1
Census Tract010402
Assessed Land Value$14,000
Assessed Improvement Value$80,931
Assessment Year2025

About this property

Beautifully updated and move-in ready, this 4-bedroom, 3-bath home on 1 acre offers the perfect blend of modern updates and rustic charm. From the moment you walk through the door, you'll feel like you've stepped into a newly constructed home. The open-concept living, dining, and kitchen area creates an inviting space for entertaining and everyday living. The spacious kitchen features a large center island, abundant workspace, and plenty of room for gathering with family and friends. The thoughtfully designed floor plan includes four true bedrooms, three full bathrooms, and a rare three-car garage—providing the space today's buyers are looking for. Situated on a full acre, this property offers room to enjoy country living while still having the convenience of a well-planned home. Additional improvements include a brand-new water well with excellent pressure. The home has been appraised, and square footage has been verified by the appraiser. If you've been searching for an updated acreage property with modern finishes, functional living space, and room to spread out, this is a must-see opportunity!

Investor Tools

$0Estimated Mortgage Balance
$224,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,400 /month
Positive
Cash Flow Estimate:
$800 /month

Interested in this property?

Debora Perez-Ruiz

MoVaDe Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$174/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$974
$94,931
2025
$14,000
$80,931
$94,931
No

Tax History

Year
Tax Paid
Assessed Value
2024
$974
$94,931

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$224,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
N/A
+$1,425/mo
7.6%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Lubbock

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